Canadian Prime Minister Stephen Harper told British lawmakers Thursday that governments need to live within their means, tying economic strength to the ability of governments to influence events abroad.

Lululemon Athetica Inc. Chairman Dennis “Chip” Wilson sold $50 million worth of stock in the company four days before the shares plummeted on the unexpected news that the yoga-gear maker’s chief executive would step down.

Escalating a bitter conflict between New York and Canada, the State Legislature on Wednesday approved a measure that could lead to the dissolution of a binational agency that runs a bridge linking Buffalo and Fort Erie, Ontario.

U.S. crude-oil production grew by more than one million barrels a day last year, the largest increase in the world and the largest in U.S. history.

Toronto Police launch a predawn raid Thursday, targeting guns and drugs, and focusing, at least in part, on the Toronto neighborhood that’s been at the center of the Rob Ford drug-allegation scandal. Read More »

About Canada Real Time

Canada Real Time provides insight and analysis into what’s making news in Canada, a country punching above its weight on the world stage thanks to its vast resources and strong banking sector. Drawing on the expertise of The Wall Street Journal and Dow Jones Newswires, we take a look at developments in fields ranging from business to politics to culture. You can contact the editors at canadaeditors@dowjones.com